Corporate Press Releases
-
12/21/15 8:46 am EST
Staples offered to divest $1.25 billion in commercial contracts; still willing to negotiate with FTC
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. today gave an update on the status of its discussions with the Federal Trade Commission and the acquisition of Office Depot. The company wants to ensure that stakeholders have accurate information regarding the transaction. Staples’ Board of Directors and management team have worked tirelessly to complete the transaction. Staples has proposed divesting up to $1.25 billion of commercial contracts in an effort to create anmore...English -
12/8/15 4:03 pm ESTFRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) have issued the following open letter to customers after the Canadian Competition Bureau recently announced that it will seek to block Staples’ acquisition of Grand & Toy: To Our Valued Customers, The Canadian Competition Bureau recently announced that it will seek to block Staples’ acquisition of Grand & Toy. The Competition Bureau’s challenge,more...English
-
12/7/15 4:02 pm ESTStaples and Office Depot Issue Open Letter to Customers Regarding FTC’s Decision to Challenge MergerFRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) have issued the following open letter to customers after the U.S. Federal Trade Commission announced earlier today their decision to challenge the merger of the two companies: To Our Valued Customers, The Federal Trade Commission recently announced that it intends to challenge Staples’ acquisition of Office Depot. The government’s challenge, ifmore...English
-
12/7/15 1:08 pm EST
Companies confident in legal position based on competitive dynamics and clear FTC precedent
FRAMINGHAM, Mass. & BOCA RATON, Fla.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) today announced that they intend to contest the U.S. Federal Trade Commission’s decision to challenge the merger of the two companies. The companies were informed of the FTC’s decision earlier today. The proposed acquisition would benefit customers, employees and shareholders, and the companies look forward to a full, impartial judicial review of the competitive effectsmore...English -
12/1/15 4:43 pm ESTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today that its Board of Directors has declared a quarterly cash dividend on Staples, Inc. common stock of $0.12 per share. The dividend is payable on January 14, 2016, to shareholders of record on December 23, 2015. About Staples Staples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail, online and delivery capabilitiesmore...English
-
12/1/15 4:11 pm ESTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today that the Company’s Board of Directors has amended and restated the Company’s by-laws to implement a proxy access procedure for stockholder director nominations. “Our decision to adopt proxy access reinforces the Board’s commitment to enhancing our governance standards to align with evolving best practices,” said Vijay Vishwanath, Chair of the Nominating and Corporate Governance Committeemore...English
-
11/19/15 6:57 am EST
For Sixth Year in a Row, Staples Earns 100 percent on Human Rights Campaign Foundation’s Scorecard on LGBT Workplace Equality
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) today announced that it received a perfect score of 100 percent on the 2016 Corporate Equality Index (CEI). This is the sixth consecutive year that Staples has received the perfect score on the national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the Human Rights Campaign Foundation. “Staples is extremely proud to earn a perfect scoremore...English -
11/18/15 6:00 am ESTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today the results for its third quarter ended October 31, 2015. Total company sales for the third quarter of 2015 were $5.6 billion, a decrease of six percent compared to the third quarter of 2014. On a GAAP basis, the company reported net income of $198 million, or $0.31 per diluted share. Third quarter 2015 results on a GAAP basis include pre-tax charges of $40 million related to the acquisition of Officemore...English
-
11/11/15 8:00 am ESTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) will hold its quarterly conference call to discuss third quarter 2015 results on Wednesday, November 18, 2015 at 8:00 a.m. Eastern Time. To listen to the conference call via webcast, please visit Staples’ Investor Relations website at http://investor.staples.com. About Staples Staples makes it easy to make more happen with more products and more ways to shop. Through its world-class retail,more...English
-
10/13/15 4:19 pm EDTFRAMINGHAM, Mass.--(BUSINESS WIRE)--Staples, Inc. (Nasdaq: SPLS) announced today that the company’s Board of Directors has adopted a policy that limits severance benefits for senior executives. Based on the terms of the new policy, the company will not pay any severance benefits under any existing or future employment agreement or severance agreement with an executive officer that exceeds 2.99 times the sum of the executive’s base salary plus target annual cash incentive award,more...English